DoT had refused to grant an extension to the struggling carrier, which shut down its voice services last year, to pay the instalment due for spectrum auctioned in 2013 and 2015.
In an interim ruling, the tribunal also barred the watchdog from imposing any penalty on telcos for violating the new rules on reporting tariff plans, including offers to select subscribers, until further orders.
The Sunil Mittal-led mobile carrier’s Africa revenue climbed 1.5% to Rs 4,971.3 crore.
The acquisition plan, announced in February 2017, has not closed and is well past the 12-month closure timeline expected by the two companies.
The only silver lining for the Korean smartphone maker was taking the No 1 spot in the premium segment, leaving behind OnePlus and Apple at No 2 and No 3, respectively, Counterpoint said in a statement Monday.
According to International Data Corporation (IDC) India, feature phone shipments declined by 24.6% and smartphones sales dipped by 17.5% sequentially, in the quarter ended December 2016.
The company is keen on entering two and three-wheeler electric vehicles and battery space
Xiaomi founder Lei Jun said that the company expects to disrupt India’s TV industry the way Reliance Jio disrupted the telecom space.
Many notable brands including Lava, Micromax, and even Chinese brands Oppo and Vivo have reduced number of in-shop promoters over the past couple of months.
Indian tax authorities issued the tax notice of Rs 2,500 crore to Nokia for violating withholding tax norms since 2006 while making royalty payments to its parent company in Finland.
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